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...Brussels Bailout Denied The European Union dismissed a Hungarian-led request from nine hard-hit East European countries for a $240 billion economic bailout, saying that blanket spending would be ill-advised owing to each nation's unique financial outlook. Hungarian Prime Minister Ferenc Gyurcsany insisted that without funds, a 'new Iron Curtain' would divide Europe...

Author: /time Magazine | Title: The World | 3/5/2009 | See Source »

...diverse nations, dashing many semblances of unity among member governments. The need to “stick it out in tough times” is easier said than done. The largest and most threatening fracture divides new EU countries from old and has caused Prime Minister Ferenc Gyurcsany of Hungary to warn against “a new Iron Curtain” that could once again divide the continent. A solution must be formulated to prevent that development...

Author: By The Crimson Staff | Title: Eastern Promises | 3/4/2009 | See Source »

...major split is over how much Europe's richer western countries should do to help their poorer eastern neighbors. Hungarian Prime Minister Ferenc Gyurcsany has appealed for $230 billion in aid for eastern member states who have been hardest hit by the economic crisis, plus streamlined access to the Eurozone, or the 16 countries who use Europe's common currency. Without help, he says, there is likely to be a new economic "Iron Curtain" across Europe. (See pictures of the changes in Europe...

Author: /time Magazine | Title: As the Crisis Bites, Splits Open Up in Europe | 3/2/2009 | See Source »

...DIED. Ferenc Puskás, 79, Hungarian soccer star whose girth and ungainly gait earned him the nickname the Galloping Major, a moniker that belied one of the deftest and deadliest strikers in the sport's history; in Budapest. Described by former England manager Ron Greenwood as a "roly-poly little fellow" who looked as if he "did most of his training in restaurants," Puskás was an unstoppable shotmaker, scoring 84 goals in 85 matches for his national team. In 1953 he starred in one of soccer's most famous contests: a surprise trouncing of England that debuted...

Author: /time Magazine | Title: Milestones | 11/20/2006 | See Source »

...cannot comment meaningfully on the entire region, your article failed to identify two of the main causes of problems in Hungary. First is an absence of leadership among the political élite: opposition parties are criticizing the current government but have not offered a credible alternative. Second, Prime Minister Ferenc Gyurcsany has not been open about his family's wealth, yet he chooses to raise taxes on the population. Unless Hungary's leaders come clean about their affairs and demonstrate a willingness to make the system work not just for them but for the whole society, we cannot expect...

Author: /time Magazine | Title: Letters | 11/11/2006 | See Source »

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